The SEBI Master Circular for Mutual Funds has been updated to include all relevant circulars issued till March 20, 2026, and comes into force on April 01, 2026.
Quick summary
The SEBI (Mutual Funds) Regulations, 2026 have been notified and come into force on April 01, 2026. The Master Circular for Mutual Funds has been updated to enhance readability and aid in ease of compliance.
Who is affected
The circular affects:
- All Mutual Funds (MFs)
- Asset Management Companies (AMCs)
- Trustee Companies of Mutual Funds
- Registrar to an Issue and Share Transfer Agents (RTAs)
- Association of Mutual Funds in India (AMFI)
- All Recognized Stock Exchanges & Clearing Corporations
- All Stock Brokers
- All Depositories
- All Custodians
What changes
The Master Circular for Mutual Funds has been updated to:
- Include all relevant circulars issued to Mutual Funds till March 20, 2026
- Enhance readability and aid in ease of compliance
- Rescind guidelines/directions contained in circulars listed in the Appendix
Action items
Entities are required to:
- Ensure compliance with various provisions
- Submit necessary reports as envisaged in this Master Circular on a periodic/continuous basis
Key dates-deadlines
- April 01, 2026: The SEBI (Mutual Funds) Regulations, 2026 and the Master Circular for Mutual Funds come into force
- March 20, 2026: The Master Circular for Mutual Funds was issued
Source reference
HO/24/13/11(1)2026-IMD-POD-1/I/7602/2026, March 20, 2026